Conduent Incorporated (NASDAQ:CNDT) Stock Holdings Increased by Howard Financial Services LTD.

Howard Financial Services LTD. increased its stake in Conduent Incorporated (NASDAQ:CNDT) by 1,500.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 160,000 shares of the company’s stock after purchasing an additional 150,000 shares during the quarter. Howard Financial Services LTD.’s holdings in Conduent were worth $646,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Diversified Trust Co boosted its holdings in shares of Conduent by 7.1% during the fourth quarter. Diversified Trust Co now owns 56,369 shares of the company’s stock worth $228,000 after purchasing an additional 3,743 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of Conduent by 174.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 513,129 shares of the company’s stock valued at $2,068,000 after purchasing an additional 326,118 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Conduent by 10.0% in the third quarter. Franklin Resources Inc. now owns 118,841 shares of the company’s stock worth $477,000 after buying an additional 10,787 shares during the last quarter. Barclays PLC grew its holdings in Conduent by 233.0% during the third quarter. Barclays PLC now owns 271,923 shares of the company’s stock valued at $1,096,000 after purchasing an additional 190,269 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in Conduent by 7.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 157,607 shares of the company’s stock valued at $635,000 after buying an additional 11,464 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

Conduent Price Performance

NASDAQ:CNDT opened at $4.04 on Friday. The company has a debt-to-equity ratio of 0.81, a current ratio of 1.75 and a quick ratio of 1.75. The company has a fifty day moving average price of $4.04 and a 200 day moving average price of $3.84. Conduent Incorporated has a one year low of $2.96 and a one year high of $4.59. The stock has a market cap of $645.96 million, a P/E ratio of 1.78 and a beta of 1.44.

Conduent (NASDAQ:CNDT) last posted its quarterly earnings results on Wednesday, November 6th. The company reported ($0.14) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.01. Conduent had a net margin of 12.65% and a negative return on equity of 7.94%. The firm had revenue of $807.00 million during the quarter, compared to analyst estimates of $817.33 million. During the same quarter in the prior year, the business posted ($0.09) earnings per share. The company’s quarterly revenue was down 13.4% compared to the same quarter last year. Analysts anticipate that Conduent Incorporated will post -0.45 earnings per share for the current year.

About Conduent

Conduent Incorporated provides digital business solutions and services for the commercial, government, and transportation spectrum in the United States, Europe, and internationally. It operates through three segments: Commercial, Government Services, and Transportation. The Commercial segment offers business process services and customized solutions to clients in various industries; and customer experience management, business operations, healthcare claims and administration, and human capital solutions.